Horgen, Switzerland - October 12, 2005
Effective 1 November 2005, or as contract terms allow, the Polyurethanes business of Dow Europe GmbH will further increase prices in Europe for Toluene Diisocyanate (TDI) by 200 Euro/MT. This price increase is in addition to the previously announced November TDI increase, thereby bringing the total price increase to 400 Euro/MT for TDI, effective November 1, 2005.
"We continue to be faced with persistently high and volatile energy and raw material costs, including crude oil and natural gas, which are significantly impacting our cost of production. Furthermore we need to restore our margins which have been at a historical low over a long period", says Herman Motmans, Product Manager Europe, MEAI.
Similar price increases are being implemented in the Middle East, Africa and the Indian Subcontinent.
Customers interested in learning more about the price increase should contact their local Dow sales representative.
Dow is the world's largest producer of polyether polyols, a leading producer of quality aromatic isocyanates, such as TDI and methylene diphenyl diisocyanate (MDI), and a major supplier of propylene oxide, an essential component of polyether polyols. Dow's raw materials are used in rigid foams, flexible foams, adhesives, sealants, coatings, elastomers and binders, as well as many other applications.
Applications for these products cover a wide range of consumer goods, including cushioning for furniture and bedding, carpet backing, automotive seating and instrument panels, office furniture, flooring, insulation for appliances and in the construction industry as sheathing and roofing.
Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
For Editorial Information:
Marielle Jaeger
Dow Europe GmbH
+41 (0)1 728 2246
Kellie Nolan
Gibbs & Soell Public Relations
+41 (0)1 205 5565
